Posted by IC on June 5, 2007, 7:49 pm
I'm waiting for the death benefit money from my mother's life insurance
policy, and need it real bad. There's $11,000 due on the 20th for the
funeral and the balance on her credit card, as well as $2,000 taxes due
on the property on 7/1. Not counting my own regular expenses.
How long does it usually take for them to pony up the cash?
Posted by Justin on June 5, 2007, 10:24 pm
IC wrote:
> I'm waiting for the death benefit money from my mother's life insurance
> policy, and need it real bad. There's $11,000 due on the 20th for the
> funeral and the balance on her credit card, as well as $2,000 taxes due
> on the property on 7/1. Not counting my own regular expenses.
>
> How long does it usually take for them to pony up the cash?
Usually only a month or so. Call them and tell them you need is asap.
Or at least find out how long it'll take. My mother-in-law died, and
the life insurance co. sent the funeral home a check and my wife a check
for the difference.
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Posted by Usenet2007@THE-DOMAIN-IN.SIG on June 6, 2007, 12:03 am
spamisa@luncheonmeat.com says...
> I'm waiting for the death benefit money from my mother's life insurance
> policy, and need it real bad. There's $11,000 due on the 20th for the
> funeral and the balance on her credit card, as well as $2,000 taxes due
> on the property on 7/1. Not counting my own regular expenses.
>
> How long does it usually take for them to pony up the cash?
Why are you paying her credit card bill?
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Posted by IC on June 6, 2007, 8:55 am
Usenet2007@THE-DOMAIN-IN.SIG wrote:
> spamisa@luncheonmeat.com says...
>
>>I'm waiting for the death benefit money from my mother's life insurance
>>policy, and need it real bad. There's $11,000 due on the 20th for the
>>funeral and the balance on her credit card, as well as $2,000 taxes due
>>on the property on 7/1. Not counting my own regular expenses.
>>
>>How long does it usually take for them to pony up the cash?
>
>
>
> Why are you paying her credit card bill?
>
>
Because it's due. If I don't pay this they'll try to get it from the
estate, after tacking on huge interest charges.
Posted by Chloe on June 6, 2007, 9:26 am
> Usenet2007@THE-DOMAIN-IN.SIG wrote:
>> Why are you paying her credit card bill?
> Because it's due. If I don't pay this they'll try to get it from the
> estate, after tacking on huge interest charges.
Yep, if there are assets in the estate, they will be applied first to any
debts the decedent legally incurred. Although with advance notice to the CC
company, it might be possible to get the finance charges suspended until the
estate is settled.
The person who asked the question may be thinking about the situation where
someone dies with no assets--in that case, AFAIK the heirs cannot be held
liable (although of course they are free to pay if they so choose).
One of the legal reforms our country was founded on.
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> policy, and need it real bad. There's $11,000 due on the 20th for the
> funeral and the balance on her credit card, as well as $2,000 taxes due
> on the property on 7/1. Not counting my own regular expenses.
>
> How long does it usually take for them to pony up the cash?